On May 11th, BTC market performance remained steady, with the price holding above 81,000, maintaining a bullish pattern. The daily chart stayed in an upward channel, with key support solidified, MACD showing increasing red bars, RSI in a healthy bullish zone, and upward momentum sufficient.

In the futures market, short positions are under pressure, with funding rates remaining predominantly negative, forcing short sellers to cut losses. Coupled with steady inflows into spot ETF funds, market bullish sentiment is heating up. The halving event has tightened supply and demand, along with favorable industry regulations, providing long-term fundamental support.

Intraday, a pullback to the 80,000-80,500 range can be used to establish long positions, with a stop-loss at 80,500. In the short term, aim for a breakout of 82,450 resistance, with a target around 83,500-84,000. Overall, the strategy is mainly low-buying, strictly controlling positions to avoid volatility risks.